Side by side units in this quaint Greenwood duplex. Within walking distance to shopping, cafes and eateries. Seattle's popular and beloved parks, Green Lake, is less than 10 minutes away and features a 2.8 paved path around the lake. Perfect for an owner occupant interested in earning passive income or adding to their investment portfolio.
2 Unit l 2 Bed l 1 Bath
1,150 SF l 6,120 SF Lot
Front & Back Yard
Summit Capital intends to cosmetically update the interior of the existing building top to bottom by replacing the kitchens and baths, install new flooring, new paint, lighting, and all fixtures. Project will finish with refresh of the landscaping around the building bringing an overall cohesive feel to the property.
Very few opportunities in this neighborhood come about allowing for full cosmetic updating to be done. Buying this property off market, the ownership group will get to capitalize on the below market purchase price and seller financing.
The company expects to purchase and improve the property within 12 months. At which point, the company will either refinance and retain the property as a rental or sell at market rate. The final strategy will depend on Partner goals for asset and portfolio growth.
This project is in Seattle’s Greenwood neighborhood and within walking distance to cafes, pubs, & boutiques. It’s less than a 10 minute walk to Green Lake and offers quick access to downtown Seattle, Ballard, Fremont and beyond. Housing in Seattle’s Greenwood neighborhood is more affordable than some of Seattle's trendier areas, but gentrification has led to development of new condos and townhomes and is driving up prices for housing. Proximity to Hwy 99 and other major arterials gives Greenwood, and this property specifically, easy access to downtown Seattle, Ballard, Bellevue and other cities.
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